Bin Sulayem opens The Hotel Show
Regional hoteliers are beginning to recognize the vast number of new hotel rooms coming to market as more of an opportunity than a threat.
During the official tour of The Hotel Show, the Middle East’s leading dedicated trade event for the hospitality and leisure sector, Mr. Khalid A bin Sulayem, Director General at the Dubai Department of Tourism & Commerce Marketing, commented:“There are between 16,000 and 20,000 hotel rooms to enter the Dubai market by the end of the year, which will contribute to producing lower room rates and attracting more visitors to Dubai”
Echoing those sentiments, a study unveiled today at The Hotel Show, by Dubai-based research company, Proleads, reported there are currently over 470 active hotel projects (those not completed, on-hold or cancelled) in the GCC countries. The breakdown per country is as follows; UAE – 258, KSA – 83, Oman – 39, Bahrain – 35, Qatar – 29 and Kuwait – 27.
A recent Deloitte analysis of STR Global hotel data revealed that revenue per available room (RevPar) rates in the Middle East was estimated at $131.42 during the period year-to-date February 2010, compared to $151.51 during the corresponding period in 2009. These figures however are considerably higher than other regions in the world. For example, Europe recorded an estimated rate of $72.05 with $79.65 in Asia Pacific, during the same period.
Now in its eleventh year, The Hotel Show is the Middle East’s most important event on the hospitality calendar hosting the latest products, services and technologies for the hotel, catering and leisure industries. In 2009, the show attracted 8,474 key industry decision makers from 77 countries.
The Hotel Show is divided into four zones: Interiors & Design; Operating Equipment & Supplies; Security & Technology; and The Resort Experience, covering all things outdoor including furniture, accessories and design and includes Hotel Spa, an important sector with more than 60% of all spa activity in the Middle East taking place in hotels. Alongside the show, are high level seminar programmes – The Seven Star Conference, now in its fifth year, and the Middle East Spa Summit.
Originally published by http://www.dubaitourism.ae
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